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20121205
20121213
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KPIX (CBS) 5
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CBS
Dec 13, 2012 7:00am PST
bernanke, the chairman of the federal reserve, said anxiety over the fiscal cliff is already hurting the u.s. economy, undermining consumer confidence and delaying job-creating business investment. and he said there's nothing the fed can do to prevent a recession if there's not a deal here in washington. but this morning, like so many mornings before it, has not provoked either side to come closer to a deal. days of strategic silence descended wednesday into partisan frustration over the seemingly end its stalemate. house speaker john boehner on president obama. >> his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. >> and here's white house spokesman jay carney's dismiss i've assessment of boehner's proposal to permanently extend all income tax rates until they're replaced next year under a redrawn tax code with fewer loopholes and deductions. >> those magic beans are just beans and that fairy dust is just dust. it is not serious. and the president will not sign an
CBS
Dec 10, 2012 7:00am PST
on the looming fiscal cliff and the impact it could have on the u.s. economy. >> i'd make a couple comments. we've got to get this done now. not there are people who write and go on news shows and say we can let it lapse two weeks. that is specifically not true. we need this to get resolved now. not because because jim mcnerney will say it or jeff immelt will say it, but the millions who work for us, their lives are in flux. this is incredibly credible that we get it done now. we need revenue. everybody knows we need revenue. >> i think the president is right in asking for more revenue and therefore not extending the bush tax cuts to those with more than $250,000. >> bowles-simpson, there's not been one commission that says we can do this just on spending cuts. there has to be revenue. i think speaker boehner is the only guy that can lead us in that. >> that means you've got to take the republicans from the house of representatives and make the deal. >> and i trust that he could do it. >> we'll have more of that conversation with jeff immelt, including more on the fiscal crisis fac
CBS
Dec 8, 2012 5:00am PST
. after today or yesterday's job report the worst thing we can do is to go over the fiscal cliff and put the economy back into a recession. so i'm optimistic but it's going to take some hard bargaining and some work and i think the most important thing the president has put on the table is that there needs to be a balanced plan and there needs to be more revenue coming from the people at the top of the economy. >> john, we're hearing a lot of the same kind of tone that we heard before of course. it sounds very familiar. do you think they are actually making any progress here and if this comes down to a one on one, essentially, between the president and the speaker, is that a good thing? >> well, you know i think if there's progress being made it's hard to find which room it's being made in because basically both sides are still kind of reiterating their points. i think if the republicans agree with the american people which is that let's extend the middle class tax cuts on 98% of americans i think things can fall quickly into place. the president is willing to make some further reductions particularly in
CBS
Dec 7, 2012 7:00am PST
fiscal cliff threatens to shake our economy. and this morning there's still no sign of a budget agreement. mandatory spending cuts and tax hikes will take effect in 25 days if there is no deal. president obama was in the holiday spirit last night as his family lit the national christmas tree. earlier he warned the budget crisis would dampen the holidays. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stressed they're going to be. >> the president repeated that if republicans refuse to raise tax rates on wealthy americans, there will be no deal. and speaking of spending money, this sunday morning on "face the nation," bob schieffer talks with the author of the bowles-simpson deficit-cutting plan, erskine bowles and alan simpson. >>> here's a million-dollar question. should passengers be allowed to use electronic devices during takeoff and landing? this morning the fcc says yes. it's written a letter urging the faa to allow tablets, e-readers and other portable devices to be
CBS
Dec 12, 2012 7:00am PST
white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain yo
Search Results 0 to 4 of about 5